Signing up for a N26 current account

I decided to sign up for a N26 current account to try it out even though I had switched over to KBC. N26 is waiving the normal €2.90 monthly fee for the MasterCard if you sign up and verify your account before February 1st. I’ve already covered N26 and the two accounts they offer in another post so will not go over it again. N26 advertise the signing up process as taking as little as 8 minutes to complete. You can either sign up on their Android app, Apple app or on their website. There are some reports of people having issues with their address when signing up on the app so I used their website.

Signing up was easy. Enter in your email, country of residence, mobile phone number, address, date of birth and that’s pretty much it. You then need to verify your account. When signing up to KBC I had to email in a copy of my signature on a plain piece of paper, two proofs of identity, two proofs of address and proof of my PPS number. N26 on the other hand verify your identity on a video call. I was connected within a minute to a lady who asked me some basic questions, took my photo and then asked I put the passport to the camera so she could read it. I was then told to tilt the passport left and right and then up and down so she could see the security features. She texted me a code to my mobile which I entered and that was that. The call took no more than 3 minutes and my account was verified. Once this was completed I was able to order my MasterCard from online banking and could see my IBAN and BIC for the account.

N26 is what I was hoping KBC would be. The account opening process with N26 was quick and easy. They use the technology that has been available for years (video calls) to speed up the account opening process. In under 10 minutes, I had a MasterCard ordered, my PIN for the MasterCard already selected and new IBAN and BIC ready to use. Compare that to KBC which took weeks. The only downside so far is that I completed the sign up on the Sunday 15th January and am still waiting for the MasterCard to arrive. I’m hoping it will arrive soon as I am looking forward to testing the exchange rates out -v- the rates offered by Revolut. If you are interested in N26 current account I recommend signing up and verifying your account before next Wednesday to avail of the free MasterCard!

In the interest of full-disclosure, links to N26 are affiliate links. Should you click through to N26 via my affiliate link and sign up to their bank account I will receive a small commission payment. These affiliate payments have no impact on my reviewing of the product. If you believe I have been influenced by the potential commission when reviewing a product please call me out. 

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